Cattle Futures Rally
Commodities
Cattle Futures Rally
Live cattle futures were $2.45 to $4.125 higher at the Thursday close. Cash trade has picked up in the north this week at $345-350 dressed, steady on the week, with early live sales at $218. Some bids across the country were picked up at $219-220 on Thursday. The Thursday Fed Cattle Exchange online auction showed […]
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- 1 month ago
Commodities
The Outlook for More Global Supply Weighs on Coffee Prices
December arabica coffee (KCZ26) closed down -2.75 (-0.92%) on Thursday, and November ICE robusta coffee (RMX26) closed down -32 (-0.94%). Coffee prices extended their week-long slide on Thursday, with arabica dropping to a 1-month low and robusta falling to a 3-month low. Coffee prices have sold off sharply over the past week on the outlook […]
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- 1 month ago
Commodities
Cocoa Prices Retreat as Supply Fears Abate
December ICE NY cocoa (CCZ26) closed down -99 (-1.58%) on Thursday, and December ICE London cocoa #7 (CAZ26) closed down -65 (-1.42%). Cocoa prices settled lower for a third day on Thursday amid signs of ample cocoa supplies. On Wednesday, Barry Callebaut AG, the world’s biggest cocoa processor, said the global cocoa market is well […]
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- 1 month ago
Commodities
Sugar Prices Fall on Speculation India Will Import Less
October NY world sugar #11 (SBV26) closed down -0.63 (-3.37%) on Thursday, and October London ICE white sugar #5 (SWV26) closed down -12.60 (-2.34%). Sugar prices settled sharply lower on Thursday as speculation that India will import less sugar than initially expected fueled long liquidation in sugar futures. The Indian government reduced the sugar dealer […]
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- 1 month ago
Metals
Platinum Trades Above $1,800
Platinum futures traded above $1,800 an ounce after climbing from a two-week low, as a weaker US dollar boosted demand for precious metals. The rally followed dovish comments from Federal Reserve Governor Christopher Waller, who said he would favor keeping interest rates unchanged if inflation continues to ease, prompting investors to scale back bets on […]
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- 1 month ago
Energies
European Gas Prices Fall for 2nd Day
European natural gas prices fell for a second session to around €71.5 per MWh on Friday as investors assessed renewed tensions in the Middle East. The latest flare-up came after a US attack on Iran triggered retaliatory strikes on American bases across the region, sending European gas prices to their highest level in more than […]
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- 1 month ago
Commodities
Soybean Futures Hold Above $13
Soybean futures held above $13 per bushel, near their highest level since December 2023, as fresh Chinese purchases supported demand despite weak US export sales. China has continued buying US soybeans as part of its commitment to purchase 25 million metric tons annually through 2028. The USDA confirmed a 192,000-ton fresh sale to China for […]
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- 1 month ago
Commodities
Palm Oil Subdued, Heads for Second Straight Weekly Loss
Malaysian palm oil futures steadied near MYR 4,900/t after recent declines, as firmer Dalian edible oil prices were offset by softer Chicago soyoils. Meanwhile, crude oil prices strengthened amid renewed U.S.–Iran hostilities, raising supply concerns and supporting sentiment. Rising El Niño risks added a bullish factor, with drier conditions threatening Southeast Asian production. Output in […]
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- 1 month ago
Metals
Copper Holds Gains as Supply Risks Persist
Copper futures traded around $6.57 per pound on Friday, holding recent gains as ongoing supply-side challenges continued to support prices. Analysts highlighted a recent export ban from Congo, along with weaker output from major producers Chile and Peru and disruptions linked to El-Nino. Chile’s copper production fell 9.4% year-on-year in July due to severe weather […]
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- 1 month ago
Commodities
Corn Holds Near 3-Year High
Corn futures held above $5.10 per bushel, trading near their highest level in more than three years, as concerns over disruptions to Black Sea grain exports added support ahead of the region’s peak corn export season. The peak export window for Black Sea corn begins in October, raising concerns over global supplies as attacks continue […]
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- 1 month ago